ANSWERS (VERIFIED ANSWERS) A GRADE
40 hours a week, hourly pay by - correct answer-
2,080
A notable exception is reporting of non compliance to the
IRS - correct answer- Using form 8823
A tenant income certification and supporting
documentation are not sufficient unless, at minimum the
following documents are included - correct answer- 1.
Household application/income and asset questionnaire
2. Verification of income and assets
3. Student status
4. Tenant income certification (TIC)
Allocation rules are spelled out in a - correct answer-
Qualified allocation plan (QAP)
, Annual income - correct answer- Earned income +
unearned income + income from assets before any
deductions are taken ( gross income)
Applications are scored according to the - correct
answer- QAP, and credits are awarded accordingly
Bi weekly wages - correct answer- 26
Completed IRS 1040 schedules C, E, F - correct answer-
C- business income
E- rental income
F- farm income
Define a live in attendant - correct answer- A person
who resides with one or more elderly persons or persons
with disabilities
Is determined to be essential to care of the persons
Not obligated for the support of the persons and will NOT
contribute materially to the household